Wallets
Overview
PayMongo Wallets provide a secure and flexible way to store, manage, and move funds within your platform. Whether you're powering a marketplace, e-commerce app, or digital service, Wallets enable real-time fund flows for receiving payments, making disbursements, or enabling user-to-user transfers—all from one unified system.
Wallets support multiple funding sources and transfer methods, and are designed to integrate easily with your business logic and payout flows.
Key Features
- Secure Digital Fund Storage
Hold funds safely in SOC 2 Type 2-certified infrastructure, with compliance-grade controls and visibility. - Send and Receive Funds with Ease
Support for multiple transfer methods and incoming fund allocations. - Cost-Effective Transfers
Affordable and transparent pricing for sending, storing, and moving funds. - Multi-Wallet Support (Coming Soon)
Platform merchants will soon be able to create and manage multiple wallets under a single organization—ideal for managing sub-accounts or business units.
Pricing
Setting up a PayMongo Wallet is free for most users. However, platform businesses are charged a ₱150.00 monthly maintenance fee for each active wallet they manage. This helps support ongoing operational and infrastructure costs associated with maintaining multiple wallets.
Updated about 9 hours ago